CX Institutional Grows Position in LyondellBasell Industries (NYSE:LYB)

CX Institutional boosted its stake in LyondellBasell Industries (NYSE:LYB) by 71.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 372 shares of the specialty chemicals company’s stock after purchasing an additional 155 shares during the quarter. CX Institutional’s holdings in LyondellBasell Industries were worth $26,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. TIAA FSB purchased a new stake in LyondellBasell Industries during the third quarter worth approximately $11,527,000. Envestnet Asset Management Inc. grew its stake in LyondellBasell Industries by 0.7% during the third quarter. Envestnet Asset Management Inc. now owns 189,430 shares of the specialty chemicals company’s stock worth $13,353,000 after buying an additional 1,225 shares during the period. Clarius Group LLC purchased a new stake in LyondellBasell Industries during the third quarter worth approximately $223,000. Wedge Capital Management L L P NC grew its stake in LyondellBasell Industries by 2.4% during the third quarter. Wedge Capital Management L L P NC now owns 91,205 shares of the specialty chemicals company’s stock worth $6,429,000 after buying an additional 2,100 shares during the period. Finally, Moody National Bank Trust Division grew its stake in LyondellBasell Industries by 1.0% during the third quarter. Moody National Bank Trust Division now owns 36,174 shares of the specialty chemicals company’s stock worth $2,550,000 after buying an additional 360 shares during the period. Hedge funds and other institutional investors own 66.81% of the company’s stock.

LYB has been the subject of several research reports. HSBC downgraded shares of LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $72.00 price objective for the company. in a research note on Wednesday, September 16th. BofA Securities upgraded shares of LyondellBasell Industries from an “underperform” rating to a “neutral” rating and set a $68.00 target price for the company in a research note on Tuesday, August 4th. JPMorgan Chase & Co. upgraded shares of LyondellBasell Industries from a “neutral” rating to an “overweight” rating and upped their target price for the company from $62.00 to $88.00 in a research note on Friday, September 11th. Royal Bank of Canada upped their target price on shares of LyondellBasell Industries from $64.00 to $66.00 and gave the company a “sector perform” rating in a research note on Monday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of LyondellBasell Industries from $80.00 to $85.00 in a research note on Monday, October 5th. Seventeen investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $74.30.

Shares of NYSE:LYB opened at $77.01 on Friday. The stock has a market capitalization of $25.71 billion, a price-to-earnings ratio of 12.75, a price-to-earnings-growth ratio of 2.38 and a beta of 1.47. LyondellBasell Industries has a 1-year low of $33.71 and a 1-year high of $98.91. The company’s fifty day moving average is $73.45 and its two-hundred day moving average is $64.96. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.51 and a current ratio of 2.36.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Friday, July 31st. The specialty chemicals company reported $0.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.02. The company had revenue of $5.55 billion for the quarter, compared to analysts’ expectations of $5.67 billion. LyondellBasell Industries had a net margin of 6.79% and a return on equity of 29.99%. The firm’s revenue was down 38.7% compared to the same quarter last year. During the same period in the prior year, the company earned $2.74 earnings per share. Sell-side analysts expect that LyondellBasell Industries will post 4.82 EPS for the current fiscal year.

LyondellBasell Industries Profile

LyondellBasell Industries N.V. operates as a chemical company in the United States, Germany, Mexico, Italy, France, Japan, China, the Netherlands, and internationally. The company operates in six segments: Olefins and PolyolefinsÂAmericas; Olefins and PolyolefinsÂEurope, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology.

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Institutional Ownership by Quarter for LyondellBasell Industries (NYSE:LYB)

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